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As U.S. stocks soared pursuing a U.S. Federal Reserve involvement complaint cut, Live Nation shares fell successful the aftermath of a lawsuit from the Federal Trade Commission (FTC) implicit what the bureau called “years of systemic unfair and deceptive practices.” The high-flying banal dropped 5.8% to $163.72, lowering its year-to-date summation to 65.7%.
Live Nation’s banal dropped 2.5% aft Bloomberg reported Monday (Sept. 15) that the FTC was investigating the company. Following quality of the lawsuit, the company’s stock terms fell 2.8% connected Thursday (Sept. 18) and dropped different 0.6% connected Friday (Sept. 19). Separately, Rothschild & Co. Redburn downgraded Live Nation to a “neutral” standing and accrued its terms people to $170 from $144. Redburn analysts expect borderline enlargement to dilatory from 2026.
A dip of specified a magnitude isn’t uncommon for Live Nation, and the banal has proven to beryllium resilient. In 2019, Live Nation fell 7.3% aft news broke that the U.S. Department of Justice’s antitrust part was scrutinizing the company, but the stock terms recovered successful conscionable 4 days. In 2021, the company’s shares fell much than 22% successful the weeks aft 10 radical died arsenic a effect of a assemblage crush astatine the Astroworld festival successful Houston, but the banal recaptured astir each of that nonaccomplishment wrong 3 months and present trades 28% supra pre-Astroworld levels.
Music stocks rode the market’s upswing arsenic the 19-company Billboard Global Music Index (BGMI) gained 1.3% to 3,101.37, ending the week conscionable disconnected its all-time precocious of 3,117.20 acceptable during the week ended June 30, 2025. Winners and losers were arsenic matched astatine 9 apiece, and 1 company, Deezer, was unchanged.
U.S indexes finished the week astatine grounds highs pursuing the Federal Reserve’s determination connected Wednesday (Sept. 17) to cut the national funds rate, the benchmark for short-term involvement rates, by a 4th of a percent point. The Nasdaq climbed 2.2% to a grounds 22,631.48, portion the S&P 500 roseate 1.2% to 6,664.36, besides a grounds close. In the U.K., the FTSE 100 dropped 0.7% to 9,216.67. South Korea’s KOSPI composite scale roseate 1.5% to 3,445.24. China’s Shanghai Composite Index sank 1.3% to 3,820.09.
Sphere Entertainment Co. posted its 5th successive play gain, rising 2.4% to $59.71 and giving the institution a 41.4% summation successful 2025. Investors person reacted positively to the occurrence of Sphere’s AI-assisted revamped The Wizard of Oz. As of Monday, Sphere had sold more than 500,000 tickets for The Wizard of Oz, generating implicit $65 cardinal successful sales.
Music’s top gainer of the week was iHeartMedia, which jumped 17.0% to $3.03 contempt nary large announcement oregon quality study regarding the company. iHeartMedia shares person jumped 89.4% successful the past six weeks and are up 81.4% twelvemonth to date.
In the K-pop world, SM Entertainment was up 6.8% this week, bringing its year-to-date summation to 110.7%. JYP Entertainment accrued 1.6% portion HYBE fell 0.9% aft its chairman, Bang Si-hyuk, was questioned by South Korean authorities implicit allegations that helium deceived aboriginal HYBE investors into selling their stakes up of the company’s IPO. Bang has denied that helium provided mendacious accusation to the investors.
Spotify, the BGMI’s azygous largest constituent with a marketplace capitalization of $150.4 billion, roseate 5.5% to $734.92. That brought the banal backmost to the level reached connected Aug. 15 earlier the terms stumbled successful 3 of the adjacent 4 weeks. The banal went arsenic precocious arsenic $745.00 connected Thursday, bringing Spotify wrong 5.1% of its all-time precocious of $785.00 acceptable connected June 27.
Universal Music Group and CTS Eventim some fell 4.4%. Chinese euphony streamer Netease Cloud Music sank 6.7%. U.S. euphony streamer LiveOne was the week’s biggest loser, falling 10.5% to $0.51.
English (US) ·